Hamza Asumah, MD, MBA Overhead costs are the indirect expenses that are required to keep a business running, but are not directly tied to the production or sale of a specific product or service. These costs are typically ongoing expenses… Continue reading

Hamza Asumah, MD, MBA As a doctorpreneur, you understand that patient retention is a key aspect of building a successful healthcare business. By maintaining long-term relationships with patients, you can not only provide better care but also grow your business… Continue reading

Hamza Asumah, MD,MBA By definition, Doctorpreneurs are medical professionals who venture into the world of entrepreneurship with the goal of improving and expanding healthcare services. As a doctorpreneur, you are not only responsible for providing exceptional medical care but also… Continue reading

Hamza Asumah, MD. MBA In Africa, managing a healthcare business can be challenging due to factors such as limited resources, lack of infrastructure, and a high demand for healthcare services. However, one critical factor that can contribute to the success… Continue reading

Hamza Asumah, MD, MBA Private hospitals in Africa face a number of challenges that can make it difficult for them to remain financially sustainable. These challenges include a lack of access to financing, high operating costs, and competition from public… Continue reading

Hamza Asumah, MD, MBA Health insurance AR, also known as healthcare accounts receivable, is a term used to describe the amount of money owed to a hospital or healthcare provider by health insurance companies for the services they have provided… Continue reading

Hamza Asumah, MD, MBA Revenue cycle management (RCM) is the process of managing the financial aspects of a hospital or healthcare facility, from patient registration to final payment collection. It encompasses all administrative and clinical functions related to the capture,… Continue reading

Hamza Asumah, MD, MBA Price transparency in a hospital business refers to the practice of providing patients with clear, accurate, and comprehensive information about the prices of healthcare services before they receive care. Price transparency enables patients to make informed… Continue reading

Hamza Asumah, MD, MBA Private hospital expansions in Africa are a growing trend as the demand for quality healthcare services in the continent continues to increase. Many private healthcare providers are expanding their operations to meet the needs of a… Continue reading

Hamza Asumah, MD, MBA Outsourcing is a business practice in which a company hires a third-party service provider to perform specific tasks, functions, or processes that were previously handled in-house. The service provider is usually an external organization or an… Continue reading